Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on august 2, 2021, mk inc used cash for these item

On August 2, 2021, MK INC used cash for these items: a. Land price; Rp250.000.000.000...

90.2K

Verified Solution

Question

Accounting

On August 2, 2021, MK INC used cash for these items:

a. Land price; Rp250.000.000.000

b. Land acquisition tax; 10% of the land price

c. Commission fee for the land acquisition; 20% of the land price

d. Razing property above land cost; Rp30.000.000

e. Fence built above the land; Rp90.000.000

f. Trucks for operations cost; Rp80.000.000

g. MK INC logo painting on trucks cost; Rp10.000.000

h. Trucks annual license; Rp5.000.000

Classify each transaction to one of these accounts, without calculating the total cost: land, land improvement, trucks, others (if others, please specify the right account name). Example:

a. Land

b. Xxx

c. Xxx

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In Python Write a function to read a Sudoku board from an input string. The input string must...

Programming
Q

A study is conducted of the relationship between a newborn’s weight and the amount of cigarette...

Basic Math
Q

The expression In x 4 ln 2 ln 2 can be simplified to In w...

Calculus
Q

nitial Knowledge Check ose that the relation T is defined as T 2 6 7...

Calculus
Q

Marvel Parts, Incorporated, manufactures auto accessories. One of the company's products is a set of...

Accounting
Q

Use the following to answer questions 5-8: The following information relates to the pension plan...

Accounting
Q

please solve part b as soon as possible after that part c if possible ...

Accounting
Q

The following information is provided regarding a manufacturing company. Some of the company's data was...

Accounting
Q

The master budget at Western Company last period called for sales of 225,300 units at...

Accounting
Q

How much operating expense in income statement if total revenue $200 operating expenses $50 wages...

Accounting
Q

Question 10 pts Froot Loop Inc., a cereal manufacturer has variable costs of 50 80...

Accounting
Q

Imagine you are thinking about starting a tutoring business. You will be offering tutoring services...

Finance